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Student Name:
Class:
13,145$ 8,100$
12,645$ 12,645$
Correct! Correct!
Entry Account Debit Credit
(a) 6,270 <--Correct!
6,000
Notes Receivable
Cash
Requirement 2:
Cash Adjustments
Company balance per
Company's Cash Balance
Bank's Cash Balance
February 28, 2021
Per Bank Statement
Bank balance per
Problem 04-02
Bank Reconciliation
McGraw-Hill
Instructor
OSCAR'S RED CARPET STORE
OSCAR'S RED CARPET STORE
Requirement 1:
reconciliation
Per general ledger
reconciliation
Date Amount No. Date Amount
2/4 2,700$ Checks: 321 2/2 4,700$
327 2/28 1,900
6,800$ 12,600$
13,900
(12,600)
8,100$
a. 13,145$
Given Data P04-02:
Receipts
Disbursements
Balance on February 28
Balance on February 1
February 28, 2021
Cash Ledger
OSCAR'S RED CARPET STORE
Additional information:
Ending cash balance from bank stmt.
Deposits
Student Name:
Class:
6,210$ 5,100$
Entry Account Debit Credit
(a) 1,190 <--Correct!
1,100
90
DIAZ ENTERTAINMENT
Requirement 2:
Interest Revenue
Notes Receivable
Cash
Cash Adjustments
Per bank statement
Per general ledger
Problem 04-03
McGraw-Hill
Requirement 1:
Instructor
Bank Reconciliation
DIAZ ENTERTAINMENT
May 31, 2021
Bank's Cash Balance
Company's Cash Balance
Cash Balance Cash Balance
May 1, 2021 Deposits Checks May 31, 2021
5,280$ 12,040$ 12,220$ 5,100$
Date Desc. Amount Date No. Desc Amount
No. Total No. Total
7 10,050$ 9 10,100$
Date Amount Desc. Date NO. Amount Desc Date Amount
Deposits and Credits
Beginning Balance
Deposits and Credits
May 1, 2021
6,260$
Given Data P04-03:
MIDWEST BANK
Withdrawals and Debits
Withdrawals and Debits
Daily Balance
6,210$
Checking Account Statement
Ending Balance
May 31, 2021
May 31, 2021
Diaz Entertainment
DIAZ ENTERTAINMENT
Cash Account Records
May 1, 2021 to May 31, 2021
for
Deposits
Checks
Student Name:
Class:
Date Account Debit Credit
October 2 8,500
8,500 <--Correct!
October 12 1,500
1,500 <--Correct!
October 19 4,400
4,400 <--Correct!
(Receive membership dues)
Service Revenue
Cash
Advertising Expense
Cash
Dividends
(Pay for current month advertising)
Cash
(Pay dividends)
McGraw-Hill
Instructor
Problem 04-05
BALBOA'S GYM
Transactions
Requirement 1:
Student Name:
Class:
McGraw-Hill
Instructor
Problem 04-05
Debits Credits
October 1 16,600 4,800 October 9
Correct!
14,100$
(1,500)
Correct!
17,800
Correct!
Ending cash balance
Requirement 5:
Cash Outflows:
For advertising
Requirement 4:
Cash inflows:
Cash Flows from Operating Activities
From customers
Cash
Requirement 3:
For the month ended October 31
Statement of Cash Flows
BALBOA'S GYM
October
28,500$
512,000$
16,600$
Issue common stock for cash
Beginning October cash balance
Additional Information:
BALBOA'S GYM
Given Data P04-05:
Receive membership dues for October
October Transactions
